More Than 1,000 Cryptocurrenices Have Failed in 2018 and Most Investors Don’t Understand the Risks

As More Cryptocurrencies Fail, Few Understand the Risks

The cryptocurrency market has been one of the fastest growing sectors over the last couple of years, with Bitcoin, Litecoin, and Ethereum hogging most of the spotlight. With any new industry, there are going to be growing pains and it’s important for investors to understand the risks of investing in cryptocurrencies and blockchain technology.

Investing in blockchain technology and cryptocurrencies is not for the faint of heart. After years of neglect, Bitcoin experienced an unprecedented bull-run in 2017, with prices for a single bitcoin soaring from the $2,000 level in July to almost $20,000 in December.

Investors, afraid to miss out (just like during the dotcom era) jumped onto the cryptocurrency bandwagon, without fully understanding the risks. And frankly, you can’t blame them. Industry experts were predicting bitcoin would hit $50,000 by the end of 2018.

But the shine started to wear off cryptocurrencies at the start of 2018, with bitcoin prices losing almost 70% of its value. If a cryptocurrency investor bought at the top and was still holding on, bitcoin prices would need to increase 205% just for that investor to break-even.

It’s been a tough year for cryptocurrency and blockchain companies in general. While initial coin offering (ICO) volume is up more than double that of 2017, the industry is fraught with failure. More than 1,000 projects have failed in 2018, meaning, they trade for less than one cent. Some died because of organizational incompetence while others were total pump and dump scams.

Even the most well-intentioned investors have lost a lot of money investing in cryptocurrency and blockchain technology. What’s worse, many investors have jumped into cryptocurrencies without fully understanding the risk.

According to the Ontario Securities Commission, five percent of Ontarians, or over half a million people, currently own some form of cryptocurrencies—but do not really understand the risks. In fact, only five percent of those who own cryptocurrency could explain the details of cryptocurrency to someone else.

That’s a recipe for disaster.

Learn-To-Trade.com, Canada’s Leader in Stock Market Trading Courses

The cryptocurrency market is still in its infancy and will continue to experience growing pains.

While that’s good news for cryptocurrency and blockchain bulls, the market will continue to be volatile and investors need to tread cautiously. After all, investing is investing, whether it’s stocks, commodities, cryptocurrencies, futures, etc. And investors need to understand what they’re investing is. You can leave that up to the expert traders at Learn-To-Trade.com.

As Canada’s oldest and leading provider of stock market trading courses, the professional traders at Learn-To-Trade.com can teach you how to understand technical, spot market trends, teach you about cryptocurrency and blockchain technology, commodities, futures, foreign markets, stock index trading, and Forex trading. You’ll also learn about risk management and capital preservation.

At Learn-To-Trade.com we also understand that investors have different needs, that’s why we provide a unique, Lifetime Membership that allows you to re-attend any part of the program as often as you’d like.

To learn more about Learn-To-Trade.com’s stock market trading course, contact us at 416-510-5560 or by e-mail at info@learn-to-trade.com.

Photo Credit: iStock.com/Marc Bruxelle

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George Karpouzis is the co-founder of Learn-to-Trade and has been personally providing education and mentoring to over 3000 members since 1999. George has been trading in the stocks, options, futures and forex markets using technical analysis since 1986. With the help of advancements in trading technology the Learn To Trade program is now accessible worldwide. His background and passion for teaching brings an invaluable asset to our members. George is constantly striving to improve the program content and develop new strategic relationships for the benefit of the members. Add me to your G+

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Don’t hesitate jump into it right now. You will be glad you did!

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I wanted to let you know that I had taken your course in the fall of 2013. I took your advice and used demo accounts for the last quarter of 2013. I switched to real money trading account in the Near Year, when I finally felt comfortable. Following the lessons taught to me by you (don’t jump on a moving train, peaks and valleys, EMA..etc), I wanted to let you know that I have been successful beyond my own expectations. Thank you very much – taking the Learn-to-Trade course was, by far, the best decision I made in my business career.

Steven R

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Steven R

I wanted to let you know that I had taken your course in the fall of 2013. I took your advice and used demo accounts for the last quarter of 2013. I switched to real money trading account in the Near Year, when I finally felt comfortable. Following the lessons taught to me by you (don’t jump on a moving train, peaks and valleys, EMA..etc), I wanted to let you know that I have been successful beyond my own expectations. Thank you very much – taking the Learn-to-Trade course was, by far, the best decision I made in my business career.

Joseph L

The past options and forex tutorials taught by George were very helpful. I find these tutorials invaluable for a busy person like myself. I was able to keep myself up to date and on track ready to continue the learning process. Thanks for all the help and keep up the great work.

Joseph L

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2014-08-20T10:36:37-04:00

Joseph L

The past options and forex tutorials taught by George were very helpful. I find these tutorials invaluable for a busy person like myself. I was able to keep myself up to date and on track ready to continue the learning process. Thanks for all the help and keep up the great work.

Harley S

The course is amazing. Where were you 30 years ago?

Harley S

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Harley S

The course is amazing. Where were you 30 years ago?

Partick M

I learned the basics I needed to trade successfully.

Partick M

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Partick M

I learned the basics I needed to trade successfully.

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Akos B

I learned things it would have taken me years to figure out

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Akos B

I learned things it would have taken me years to figure out

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Uldus V

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Uldus V

I was impressed with the course’s professionalism and enthusiasm.

Dean K

I wish I knew about trading as a business years ago!

Dean K

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Dean K

I wish I knew about trading as a business years ago!

Peter P

Learn to Trade provided me with strategy, self-confidence and discipline

Peter P

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Peter P

Learn to Trade provided me with strategy, self-confidence and discipline

Shelley P

I took your course in 2008 and loved it. Since then I have been using what I learned at Learn-to-Trade to nicely supplement my pension income. Wanting a carefree type of trading, I have for the most part just sold options and made a monthly income which is a nice addition to my pension. I know I never would have made this kind of trading income without Learn-to-Trade. Thank you!

Shelley P

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2014-08-20T10:34:39-04:00

Shelley P

I took your course in 2008 and loved it. Since then I have been using what I learned at Learn-to-Trade to nicely supplement my pension income. Wanting a carefree type of trading, I have for the most part just sold options and made a monthly income which is a nice addition to my pension. I know I never would have made this kind of trading income without Learn-to-Trade. Thank you!

Amir

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I just wanted to thank you again for the amazing work on the tutorials especially Options trading.   Prior to joining, I had underestimated the quality of the trainings but they certainly far exceeded my expectations. Only I wish I’d found you 5-10 years ago!
Learn To Trade
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2016-10-07T08:56:52-04:00
Hi George, I just wanted to thank you again for the amazing work on the tutorials especially Options trading.   Prior to joining, I had underestimated the quality of the trainings but they certainly far exceeded my expectations. Only I wish I’d found you 5-10 years ago!
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